China Resources Cement profit down by 44.4%
China Resources Cement (CRC) reported a 44.4 per cent loss in net profit attributable to shareholders last year to HK$2.32bn (US$299m). In 2012, the firm's turnover rose 9.1 p...
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Lower revenues and higher costs hurt QNCC net profit
Qatar National Cement (QNCC) reported a seven per cent decline in 2012 net profit on the back of lower revenues and higher costs. Net profit for the 12 months to the end of ...
Vicem Hoang Mai Cement seeks to raise 2013 pretax target, Vietnam
Vicem Hoang Mai Cement JSC is seeking approval from its parent company Vietnam Cement Industry Corporation (Vicem) to revise its 2013 pretax target upwards by 4.65 per cent. T...
Egypt: rising prices prompt monopoly concerns
A recent rise in Egyptian cement prices has prompted the country’s Consumer Protection Agency to file a complaint with the Protection of Competition on price fixing allegations...
US shipments ahead by 9% in 2012
Total shipments of Portland and blended cements in the US and Puerto Rico in 2012 reached 79Mta, up by about nine per cent YoY, according to the latest data from the US Geologi...
Boral consolidates Australian construction and cement divisions
Building materials producer Boral Ltd has said it will consolidate its Australian construction materials and cement segments into one Australian division as part of ongoing res...
UltraTech halts Awarpur operations due to action, India
UltraTech Cement has temporarily closed its 3.6Mta Awarpur plant in the state of Maharashtra due to a strike by workers. In a statement to the stock exchanges the company sai...
DG Khan Cement registers with UNFCCC, Pakistan
Pakistan cement producer DG Khan Cement Company Ltd (DGKC) has registered with the United Nations Framework, Convention on Climate Change (UNFCCC) for the qualification of Carb...
South Africa’s cement industry body to close
South Africa’s Cement and Concrete Institute (C&CI) is to close down following the withdrawal of funding from some of the key funding members, local producer AfriSam disclosed ...
UK: new orders indicate cautious optimism for construction
New UK construction orders for the final quarter of 2012, released on Friday by the Office of National Statistics (ONS), rose three per cent compared to the third quarter and w...
HASLE Refractories opens India subsidiary
HASLE Refractories A/S, former FLSmidth company, has established a subsidiary in Hyderabad, India. HASLE Refractories India Pvt Ltd will be headed by Mr Sumanta Mukhopadhyay...
Holcim ahead despite Europe slowdown
Annual results released by Holcim earlier this week show that cement sales for the Swiss major in 2012 were ahead in spite of lower European volumes and political instability i...
Siam Cement Group to construct 1.8Mta plant in Indonesia
Thailand's largest conglomerate, Siam Cement Group (SCG) has said it is to build a new 1.8Mta plant in Indonesia as it seeks to gain a foothold in this thriving Southeast Asian...
Bamburi Cement 2012 pretax profit down 15%
Bamburi Cement has reported a 15 per cent decline in pretax profit for full year 2012 to KES7.17bn (US$83m) as it is impacted by lower gains on its foreign currency holdings, R...
Vietnam Jan-Feb production rises 16%
Vietnam is estimated to have produced 8.2Mt of cement in the first two months of this year, up 16 per cent from a year earlier, according to the government’s General Statistics...
Russia’s Antimonopoly Service blocks Siberian deal
Russia’s Federal Antimonopoly Service (FAS) has disallowed a deal for cement producer Russkyaya Tsementanaya Kompania to acquire a 100 per cent shareholding in fellow cement pr...
Tongli Cements reports decline in 2012 profit
Henan Tongli Cement has reported a 2.38 per cent decline in operating revenue for 2012 to CNY4.12bn (US$661m). The company's net profit for 2012 fell 31.79 per cent YoY to C...
Iranian output rises 5.6% YoY
Iranian output continues its upward climb as the country produced 5.6 per cent more cement in the first 11 months of the current Iranian calendar year (which began on 20 March ...
Pakistan exports volumes fall, rise in value terms
Pakistan exports during the first seven months of the current fiscal year (FY12-13) fell 0.52 per cent to 5.076Mt, according to data released by Pakistan’s Federal Bureau of ...
Lebanon sees declining deliveries in 2012
Lebanon cement deliveries dropped by 4.4 per cent YoY in 2012 to 5.308Mt. The decline in cement deliveries and construction permits (which fell by 11.7 per cent in 2012) confir...
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